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WASHINGTON, April 5- A proposal by U.S. securities regulators to require exchanges to improve protection against technology glitches and natural disasters is too narrow and should include more market players, a top New York Stock Exchange official said Friday.
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*CME sounds out Chile as location for copper warehouses. LONDON/ NEW YORK, April 5- U.S. exchange operator CME Group is sounding out Chile as the location for a network of warehouses as its copper contract takes market share from the London Metal Exchange, sources familiar with the matter said.
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April 4- Rivals NYSE Euronext and Nasdaq OMX Group Inc both claim that to have listed the most global initial public offerings during the first quarter of 2013, while Thomson Reuters' data shows the two exchange operators as being tied.
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LANSING, Mich.-- Two rating agencies have upgraded their outlook for Michigan.
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Nasdaq OMX Group Inc. fell 10.4 percent to $28.69. Spherix Inc. fell 9.6 percent to $7.59. Prudential BanCorp of Pennsylvania fell 8.5 percent to $8.39.
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NEW YORK-- Shares of Nasdaq OMX Group Inc. tumbled Tuesday after the stock exchange announced a deal to pay up to $1.23 billion to take over an electronic service for trading U.S. THE SPARK: Under the deal announced Monday, Nasdaq will pay $750 million in cash and up to $484 million in stock to BGC Partners Inc. for a U.S.
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"Payment for order flow is on an uphill climb, and in these markets, there has to be questions about how those conflicts are being reined in," said Chris Nagy, president of consulting firm KOR Trading LLC and former head of TD Ameritrade Holding Corp's order routing operations. "
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As the stock market continues to climb, trading has increasingly migrated from established bourses like the NYSE to private platforms, including dark pools, that are largely hidden from public view.
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CAIRO, March 31- Egypt's stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom. The $3.7 billion offer from a Cyprus- based firm owned by Altimo is at a price of $0.70 per share for all of Orascom Telecom's 5.245 billion shares, the statement said.
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NEW YORK, March 27- U.S. derivatives exchange CME Group Inc said on Wednesday it will make platinum, palladium and copper floor-traded options accessible to its gold and silver option pits in a bid to boost floor trading volume in New York. The change will be effective April 1, CME Group said in a statement.
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March 27- Puerto Rico's new government is eyeing more than $1 billion in tax hikes and other changes meant to fix chronic budget gaps worrying U.S. bond buyers and Wall Street credit rating agencies.
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NEW YORK, March 27- Rating agency Standard& Poor's raised Turkey's sovereign credit rating to BB-plus from BB on Wednesday, just a hair below investment grade, amid a rebalancing economy and progress on Kurdish issues. "The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
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ZURICH, March 27- Swiss stock exchange operator SIX Group would consider bidding for its larger European competitor Euronext if the exchange were to come up for sale, SIX's chief executive said on Wednesday. which said last December it planned to float Euronext after it completes its $8.2 billion acquisition of NYSE Euronext.
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NEW YORK, March 27- Rating agency Standard& Poor's on Wednesday raised Turkey's sovereign credit rating to BB-plus from BB, just a hair below investment grade, on a rebalancing economy and progress on Kurdish issues. "The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
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Macdonald-Laurier Institute composite leading index February 2013, 0600/ 1000.. MARCH 29, FRIDAY- Good Friday. The Toronto Stock Exchange and the TSX Venture Exchange will be closed.
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NEW YORK, March 27- US banks are planning to take more leveraged buyout risk onto their books, unfazed by alarm bells sounded by the Federal Reserve and rating agencies that an upswing in LBO business could lead to a return to pre-crisis recklessness.
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*S&P places Deutsche Bank's' A+' on CreditWatch negative. *Deutsche Bank shares down 4.1 percent. FRANKFURT, March 27- Credit rating agency Standard& Poors may downgrade Deutsche Bank after Germany's biggest lender revised its 2012 profits lower because of charges related to mortgage-related lawsuits and other regulatory investigations.
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LONDON, March 27- IG Group Holdings PLC:. *Dismissal of claim against IG markets. *Dismissed claim against IG markets dated late 2010, in relation to insolvency.
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March 27- CME Group Inc:. *Markitserv and CME Group connect for fx client clearing. *CME fx clearing interface will be further enhanced in May 2013 with clearing.
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State-owned China Machinery Engineering Corporation completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts to 500 MW.